Circulate Capital Latin America & Caribbean Fund (LAC Fund)

Singapore
Pre Seed
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About Circulate Capital Latin America & Caribbean Fund (LAC Fund)

Circulate Capital Latin America & Caribbean Fund (LAC Fund) is a venture capital firm based in Singapore, focusing on Pre-Seed stage investments. The fund actively supports founders building innovative solutions in AI/ML, Climate & Sustainability, providing strategic guidance and capital to help startups scale.

Investment Focus

Location / RegionSingapore
Funding StagePre Seed
Industry Focus
Ai Ml
Climate Sustainability

Investor Signals Profile

active

Sweet Spot

Deep-tech waste/recycling founders scaling in SE Asia

circular economy
materials innovation
climate finance
impact investing
Southeast Asia waste

Bullish Signals

Active at Rethinking Materials investor panelexternal
Focus on underfunded materials transition gapsexternal
Launched Lift Collaborative — plastic pollution pushlinkedin
WWF + Builders Vision partnership signallinkedin
Portfolio co Circ named TIME100 2026linkedin
Textile-to-textile recycling at real-world scalelinkedin
Circ: brand + policy + capital alignment achievedlinkedin
Transitioned from thesis-proving to active scalinglinkedin
2025 Progress Report shows financial+environmental performancelinkedin
Portfolio delivering resilient supply chain resultslinkedin
Asia Fund II: US$220M first close, 70% toward US$300M goallinkedin
ADI US$13M commit signals sovereign backing, Indonesia focuslinkedin
Fund targets 2M tonne waste processing capacity SE Asialinkedin
30M tonnes landfill diversion, 50M CO₂ reduction projectedlinkedin
KINETIK partnership deepens Australia-Indonesia climate tieslinkedin

Contrarian Signals

Niche materials focus — narrow deal universeexternal
Emerging markets exposure adds execution risklinkedin

Founder Do's

Focus on systemic material transformation
Show new investor model thinking
Address funding gaps in materials
Link innovation to climate impact
Target emerging economy plastic/waste markets

Founder Don'ts

Pitch incremental, non-systemic solutions
Ignore material category specificity
Skip risk/return narrative for investors

Key GPs & Partners

WH
Wolfgang Hafenmayer
Founding Partner
systems thinkermaterial innovationimpact-driven
RK
Rob Kaplan
Partner
portfolio buildercircular economyimpact-driven
PV
Pinar Ademoglu Vatandost
Partner
impact-drivencircular economyportfolio support
PM
Peter Majeranowski
Portfolio Operator / Partner
operatortextile recyclingdeployment-focused

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Fund Overview

Fund Size$75.8M
Saves0

Key People

Rob Kaplan, Saurabh Areek

Wolfgang HafenmayerFounding Partner
Rob KaplanPartner
Pinar Ademoglu VatandostPartner
Peter MajeranowskiPortfolio Operator / Partner

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